Crypto transaction concealment services are not a crime, CryptoQuant founder and CEO Ki Young Ju wrote in response to the recent arrest of Samourai Wallet founder.
The United States Department of Justice (DOJ) has arrested the founder of Samourai Wallet, according to Ki.writeIn the X post on April 25th:
“Privacy is a core value of Bitcoin, and concealment services are not a crime. Even crypto exchanges use transaction masking services to protect user privacy. It is like punishing the person who invented the knife instead of the person who used it.”
Samourai Wallet CEO Keonne Rodriguez and Chief Technology Officer William Hill each face one count of conspiracy to commit money laundering and one count of conspiracy to operate an unlicensed money transmitting business.
The arrest has sparked widespread concern in the crypto community, as they fear it could signal further attempts by the US government. Another crackdown on this industry
The DOJ accused Samourai Wallet of “processing more than $2 billion in illegal transactions. and facilitated more than $100 million in money laundering transactions from illegal dark web marketplaces.”
Edward Snowden called the arrest an attack on financial privacy.Poston X on April 24. Crypto analyst Ryan Adams also stated thatPost X said
“These developers face up to 25 years in prison for writing code, and the United States is sending a message that No transactions are private.”
refer : cointelegraph.com
picture readwrite.com
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